This fintech app allows employees and commission-based workers to access their earned wages on demand, rather than waiting for a traditional pay cycle. By giving users control over their payment timing, the app aims to improve financial flexibility and reduce reliance on alternative lending options.
Funding
$10K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many employees, especially those in commission-based roles, face financial strain due to the traditional pay cycle, which can lead to reliance on high-interest lending options. The lag between earning wages and receiving payment creates cash-flow challenges for workers needing immediate access to their funds.
Solution
Tadelanto is a fintech platform that provides on-demand access to earned wages, allowing employees and commission-based workers to withdraw their pay as they earn it, rather than waiting for the standard payroll schedule. By integrating with employer payroll systems, Tadelanto calculates and advances a portion of an employee's accrued earnings in real-time. This immediate access to funds gives users greater control over their finances, reduces the need for payday loans or overdraft fees, and promotes financial well-being. The platform aims to improve employee satisfaction and productivity by offering a flexible and convenient payment solution.
Target Audience
Tadelanto primarily targets employers looking to offer enhanced financial benefits to their workforce, as well as employees and commission-based workers seeking greater control over their earnings and improved financial flexibility.
Features
- Real-time calculation of earned wages based on hours worked or commissions accrued
- Integration with existing payroll systems for automated wage verification and disbursement
- Mobile app for requesting and receiving on-demand wage advances
- Secure platform with encryption to protect user data and financial transactions
- Option for employers to subsidize or cover transaction fees for employees